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What's the difference between spot crude oil and futures crude oil?
Both spot crude oil and futures crude oil are electronic financial investment products with two-way margin trading system.

The difference between the two:

1, spot crude oil has physical correspondence, and physical asphalt can be delivered when necessary;

Futures crude oil trading means that the contract has no physical counterpart.

2. There is no maximum time limit for spot crude oil positions;

Futures crude oil has a delivery period.

3. Spot crude oil is a market trading system;

Futures crude oil is a matchmaking trading system (bidding trading).

4. Spot crude oil can be traded continuously for nearly 24 hours all day (the settlement time is closed);

Futures crude oil is divided into early trading (9:00- 1 1:30), midday trading (13: 30- 15: 00) and late trading (2 1:00- 65438+ the next day).

5. There is no limit to the fluctuation of spot crude oil;

There are restrictions on the rise and fall of futures crude oil.

6. The handling fee of spot crude oil consists of three parts (transaction fee, spread and warehouse interest); There is no spread and interest rate for futures crude oil.